House of Reps probes NNPC, uncovers Secret account

House Probes NNPC Joint Ventures, Others, Uncovers Secret Account File Picture of a Plenary of the House of Reps

The House of Representatives’ Committee has uncovered an alleged secret account owned by the NNPC Limited.

This was revealed at the commencement of a probe of all joint venture operations and production sharing contracts in the oil and gas sector since 1990.

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The goal of the probe is to verify the legality or otherwise of the transactions.

The ad hoc committee chaired by the Chairman, Rules and Business, is probing the structure and accountability of the joint venture Businesses and Production Sharing Contracts of the NNPC in the last 32 years.

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It has the mandate of the House to establish whether or not the various joint venture agreements of the NNPC followed due process.

The Committee insists all those invited, including the organisations that challenged the authority of the parliament to execute its legislative assignment, are under obligation to appear or risk arrest.

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Representatives from the office of the Accountant General of the Federation, Total Energy, Shell Petroleum Company and Chevron are in attendance.

They spoke to the lawmakers’ inquiries, including the discovery of an NNPC bank account said to be unknown to the government.

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The lawmakers expressed reservations about some of the discoveries they made about the company.

The Committee has now summoned the minister of Justice, Abubakar Malami (SAN), The Chief Executive of NNPC and Heads of agencies, they are to appear before its next sitting on Tuesday September 27th.

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